CLIFTON INTERIORS LIMITED

CLIFTON INTERIORS LIMITED

CLIFTON INTERIORS LIMITED - Company Information

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CLIFTON INTERIORS LIMITED

Company Registration Number:
01998506 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

CLIFTON INTERIORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

CLIFTON INTERIORS LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 2,363 2,704
Total fixed assets: 2,363 2,704
Current assets
Stocks: 10,000 10,000
Debtors:   8,952 14,447
Cash at bank and in hand: 44,211 65,253
Total current assets: 63,163 89,700
Creditors: amounts falling due within one year:   (64,247) (87,515)
Net current assets (liabilities): (1,084) 2,185
Total assets less current liabilities: 1,279 4,889
Total net assets (liabilities): 1,279 4,889
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,277 4,887
Shareholders funds: 1,279 4,889

The notes form part of these financial statements

CLIFTON INTERIORS LIMITED

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 August 2019
and signed on behalf of the board by:

Name: R Winston
Status: Director

The notes form part of these financial statements

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Other accounting policies

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 6 3

CLIFTON INTERIORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
At 01 January 2018 81,653
Additions 840
At 31 December 2018 82,493
Depreciation
At 01 January 2018 78,949
Charge for year 1,181
At 31 December 2018 80,130
Net book value
At 31 December 2018 2,363
At 31 December 2017 2,704